Former Cabinet Ministers of the United Democratic Party (UDP)
administration, Roy Bodden and Gilbert McLean, have reportedly resigned from
the party. Mr Bodden, former Minister of Education, announced his resignation from the
party last week in a letter to the Party Chairman Billy Reid. Mr McLean, former Minister of Health, reportedly submitted his resignation
some days earlier... read
more...
The Cayman Islands celebrate Her Majesty The Queen’s birthday
All uniformed detachments stood proudly to attention as the Governor walked
past on his inspection, sometimes pausing to chat with a member of the
line-up. The uniformed detachments taking part in the parade included the Royal
Cayman Islands Police Service (RCIPS); Fire Service; Prison service; Cadet
Corps; Girls’ Brigade; Sea Scouts; Cub Scouts; and Ex-Servicemen. Chief Inspector Marlon Bodden of the RCIPS
commanded... read more...
CIIB’s Hong Kong office may close
The Cayman Islands Investment Bureau’s (CIIB) and its overseas offices are
to be reviewed according to the Ministry of Development and Commerce. It is
possible the Hong Kong office will close and plans for the one in Dubai have
already been put on hold. Over the next two weeks, the Ministry and CIIB are considering the future
role of the CIIB’s Hong Kong office and whether maintaining a physical
presence there is warranted... read more...
Eighty percent of world’s hedge funds in the Cayman Islands
The number of hedge funds registered with the Cayman Islands Monetary
Authority (CIMA) has increased by approximately 23 per cent over those
registered in the first quarter of 2004. More than 80 per cent of the world’s 8,000-plus hedge funds are registered
with CIMA and 2004 also saw a sizeable increase in investments by
institutional and high-net-worth investors in US markets carried out through
Cayman-based funds...
read more...
UK representative pressed for aid answers
With the phenomenal figure of $3.4 billion in hurricane damage and the
pressing need for the Cayman Islands Government to now approach the United
States and EU territories for loans and financial aid, Foreign and
Commonwealth Office Director for the Americas and Overseas Territories, Robert
Culshaw...read
more...
Person of the day: Paul Samuels
In the day he deals with cargo that
travels by sea and in his spare time he is an aircraft enthusiast. An employee
at Thompson Shipping for fourteen years, Paul Samuels explained: “I came to
Cayman in 1990 and made it home, even though I do have some family in Jamaica
where I was born.”
Though working full-time, and doing his Business Management and Computer Science
degree online part-time...read
more...
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Former Cabinet Ministers of the United Democratic Party (UDP)
administration, Roy Bodden and Gilbert McLean, have reportedly resigned from
the party. Mr Bodden, former Minister of Education, announced his resignation from the
party last week in a letter to the Party Chairman Billy Reid. Mr McLean, former Minister of Health, reportedly submitted his resignation
some days earlier...
The Cayman Islands Investment Bureau’s (CIIB) and its overseas offices are
to be reviewed according to the Ministry of Development and Commerce. It is
possible the Hong Kong office will close and plans for the one in Dubai have
already been put on hold. Over the next two weeks, the Ministry and CIIB are considering the future
role of the CIIB’s Hong Kong office and whether maintaining a physical
presence there is warranted...
The number of hedge funds registered with the Cayman Islands Monetary
Authority (CIMA) has increased by approximately 23 per cent over those
registered in the first quarter of 2004. More than 80 per cent of the world’s 8,000-plus hedge funds are registered
with CIMA and 2004 also saw a sizeable increase in investments by
institutional and high-net-worth investors in US markets carried out through
Cayman-based funds...
